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Thu,23Nov2017

Dangote

Aliko Dangote, Africa's richest man got a fistful of dollars in Nigerian currency squeeze

Aliko Dangote. Photo©Sunday Alamba/AP/SIPAAs Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa's richest man.

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Agribusiness: Flour sector tests investor appetite

A bag of flour costs 21% more than it did a year ago. Photo©Akintunde Akinleye/ReutersForeign firms are attracted by Nigeria's sizeable middle classes, but companies in the flour sector are having a hard time of it as the competition heats up.

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Dangote to double Zambia cement investment to $900 million

File photo©ReutersDangote, Nigeria's largest cement maker, plans to double investment in Zambia to around $900 million by building a second cement plant, the company's vice-president said on Tuesday.

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Nigeria: Dangote's smooth landing

Photo©Benedicte Kurzen/NoorWith a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

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Industry: Nigeria's Dangote Cement to start production in Tanzania

File photo©ReutersNigeria's Dangote Cement said it will begin production in Tanzania in August, as sub-Saharan Africa's leading cement producer eyes new markets on the continent.

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Nigeria's north, hanging on in there

Despite the insurgency, tanning and leather goods manufacturing continues to thrive in Kano. Photo©Akintunde Akinleye/ReutersWracked by insurgency, northern Nigeria is fighting against the odds to revive its farms and processing plants with the help of major investors.

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Zambian minister sued by Dangote over corruption allegations

Labour Minister Fackson Shamenda said a Nigerian executive seconded to the Zambian unit tried to bribe him at a hotelDangote Cement's Zambian subsidiary has sued the country's labour minister for libel and slander after he accused an executive of the Nigerian company of attempting to bribe him.

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Infrastructure: Dangote's cement rivals

With the growth in continental production capacity many countries can cut their imports. Photo©ReutersAfrica's economic growth is driving demand for building materials. Nigeria's Dangote Cement and Europe's Lafarge and Holcim are the top players fighting for dominance in Africa's cement trade.

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Syndicated loans boost Africa's corporate giants

Standard Bank is leading the syndicated loan industry in Africa.Photo©SIPAHigh liquidity and an appetite for risk have seen a huge surge in international and local banks banding together to extend significant loans to African companies.

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Billionaires, booty and brains: The many faces of Nigeria

Photos©Easy Taxi, Hector Isais www.Hec9.com, Afolabi Sotunde/ReutersOtedola, Elumelu and Dangote are finding new ways to get richer, Dencia wants to get whiter, and it seems Atiku Abubakar wants to be president, but for which party?

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Nigeria's manufacturers in the making

Innoson Vehicles has won state contracts. Photo©federal ministry informationNigeria's manufacturers are still recovering from the decimation wrought by structural adjustment and trade liberalisation policies some three decades ago.

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Reining in Africa's robber barons

If Africa is going through its equivalent of America's 'Gilded Age', will this be followed by an equivalent of America's progressive era, curbing excesses and cleaning up politics?

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South Africa in Africa: Your hinterland is there

Photo©ReutersThe idea of the African continent as South Africa's hinterland was reborn in a new form under the ANC. Reversing apartheid's legacy, the country has strived to be a continental peacekeeper, while its banks, retailers, telecoms, food and mining companies have struck out for expansion in the fast-growing economies of its African neighbours.

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African Business: A rising force



Photo©GRAEME WILLIAMS/SOUTH-REAMines and oil still dominate the landscape of African capitalism, but new sectors are developing, generating jobs and added value.

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How corporates benefit from Africa's new business deals

There are greater opportunies for Africa to help finance the growth of international firms/Photo©AKINTUNDE AKINLEYE/REUTERSWhen African telecom companies started to emerge in the late 1990s, many scoffed. How could it be, went the general chatter, that Africans have money to spend on telecoms? Several multi-millionaires later, after the historic sale of Mo Ibrahim's Celtel for $3.4bn and the rise of South African giant MTN, investors piled in.

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The African business dealbook

A GEF fund will plough $160m into sustainable forestry. Photo © RAFAEL MARCHANTE / REUTERS The Africa Report takes a peek at high profile African business deals from the first half of 2012 spanning IPOs, investments, funds, mergers and acquisitions, bonds and exits. Below are the highlights.

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